VC Visteon Corporation

Visteon Congratulates Hyundai on Its Most Improved Performance in J.D. Power Initial Quality DEARBORN, Mich., May 17 /PRNewswire-FirstCall/ -- Visteon Corporation , which made a small contribution as a supplier, congratulates Hyundai Motor Co. on its impressive improvement in J.D. Power & Associates 2004 Initial Quality Survey, particularly through a 45 percent improvement in the perceived quality of Visteon's Heating, Ventilation and Air Conditioning systems supplied across Hyundai's vehicle lines. (Logo: http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO ) J.D. Power's annual IQS solicited responses from 51,000 consumers regarding their satisfaction with their vehicles during the first 90 days of ownership. The relative performance of automakers is measured in terms of problems per 100 vehicles. Those problems cover a broad range of issues, but are heavily weighted toward defects and malfunctions, quality of workmanship, drivability and safety. Visteon supplies cockpit modules on the Hyundai Santa Fe, Tiburon, and Elantra models and instrument panels on the Sonata, XG350, and Accent models, all sold in the U.S. The cockpit modules and instrument panels are produced by Visteon's interior joint venture, Duck Yang Industry Co., while the heating, ventilation and air conditioning systems are produced by Visteon's climate systems joint venture, Halla Climate Control Corp., both located in South Korea. Survey respondents who had recently purchased any of those six vehicles found an average of 6.85 problems per 100 vehicles in the way their vehicle's heating and cooling worked, slightly more than half the 12.4 heating and cooling problems per 100 vehicles cited in the 2003 survey. That was 29 percent better than the industry average of 9.64 problems per 100 vehicles for HVAC satisfaction. Manufacturers of Korean-branded vehicles, strongly driven by Hyundai's performance, have reduced initial quality problems by 57 percent in the past six years -- going from 272 problems per 100 vehicles (PP100) in 1998 to just 117 PP100 in 2004. "We are happy to play a contributing role in Hyundai's strong performance in the J.D. Power Initial Quality survey," said Young-Ju Shin, president of Halla Climate Control. "We look forward to building on this important relationship." Visteon Corporation is a leading full-service supplier that delivers consumer-driven technology solutions to automotive manufacturers worldwide and through multiple channels within the global automotive aftermarket. Visteon has about 72,000 employees and a global delivery system of about 200 technical, manufacturing, sales and service facilities located in 25 countries. http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO DATASOURCE: Visteon Corporation CONTACT: Robin Pannecouk, +1-313-755-9121, , or Greg Gardner, +1-313-755-0927, , both of Visteon Corporation Web site: http://www.visteon.com/

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